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Oct 3, 2012
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or if i can figure out if it adds up and not add up to the federal deficit. i think president obama needs to make his points very clear and concise and not try to give us too many soundbytes. first of all, he should say my policies helped to end the greatest economic disaster since the great depression. then, number two, he should stress that we've created more than five million jobs. those job numbers have been revived, of course. the president needs to be clear that his policies and the policies that he has proposed to congress that congress will not deal with because they're more focused on theron re-election and not focused on getting the american people back to work. he said his policies will continue to bring about jobs. it will fasten economic growth in this country, and that he has a plan to deal with the federal deficit as well. i think the president can say that. >> as long as we don't have a wardrobe malfunction, we're good. >> we'll keep it rated g. anna, what are some of the pit falls that romney has to avoid here, because, you know, both candida
or if i can figure out if it adds up and not add up to the federal deficit. i think president obama needs to make his points very clear and concise and not try to give us too many soundbytes. first of all, he should say my policies helped to end the greatest economic disaster since the great depression. then, number two, he should stress that we've created more than five million jobs. those job numbers have been revived, of course. the president needs to be clear that his policies and the...
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Sep 26, 2012
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what spain and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, not by politicians. their hand has been forced and now they're telling their people on streets they have got to be the ones that suffer the most. ironically, of course, the u.s. treasury have benefitted from all the european upheaval. it made it easier for the u.s. not to make the tough choices at this moment. any country trying to cut the budget deficit, it is harder to do while that country is in recession. it actually makes the recession worse, which makes it -- it has to be more cuts in order to meet the deficit targets. it is nearly impossible to see how the countries can do that. >> so you point out, you negotiation unemployment rate 25% in spain, running down more numbers, 54% of greeks under age 25 are unemployed. are major spending cuts raising retirement age here to 67, will that work for spain and greece? >> well,
what spain and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, not by politicians. their hand has been forced and now they're telling their people on streets they have got to be the ones that suffer the most. ironically, of course, the u.s. treasury have benefitted from all the european upheaval....
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Oct 1, 2012
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the last time anyone came back from a four-point deficit was in 1999 and that was on home soil. and that was a stunning final day then. but for the europeans to come over to the american soil and to achieve this victory, it's truly historic. it was not expected at all. the americans looked like they were going to be racing favorites and certainties on the final day. all they needed from a possible 12 points was 4 1/2. they only managed 3 1/2. so it was left to the europeans to lead from the front, leading by example with an incredible spirit and an incredible belief. and they won the first five matches. and the united states could not respond. tiger woods had a very poor week here and, indeed, the who american team were left dumb struck on the final day after combining so well on the first tw days and displaying wonderful team spirit. but it did not fire at all on the last day. >> i didn't know golfers could get that excited. talk about amazing. let's talk about rory mcilroy, he won a big match, but he almost missed his tee time, which is, of course, kind of embarrassing. >> rep
the last time anyone came back from a four-point deficit was in 1999 and that was on home soil. and that was a stunning final day then. but for the europeans to come over to the american soil and to achieve this victory, it's truly historic. it was not expected at all. the americans looked like they were going to be racing favorites and certainties on the final day. all they needed from a possible 12 points was 4 1/2. they only managed 3 1/2. so it was left to the europeans to lead from the...
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Sep 26, 2012
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deficit will magically go away, and we will live happily ever after. there's only one problem. we just tried this during the last decade. during the previous presidency. it didn't work. top down economics never works. the country doesn't succeed when only the rich get richer. we succeed when the middle class gets bigger. when more people have a chance to get ahead. more people have a chance to live up to their god-given potential. look, i don't believe we can get very far with leaders who write off half the nation as a bunch of victims who never take responsibility for their own lives. i've got to tell you, as i travel around ohio and as i look out on this crowd, i don't see a lot of victims. i see hard-working ohioans. that's what i see. we got students who are trying to work their way through college. putting in overtime to raise their kids. >> your outstanding president of this institution, bowling green, outstanding woman, really smart. there she is right there. we were talking because we both were raised by single moms. she was telling the story about how her mom worked at
deficit will magically go away, and we will live happily ever after. there's only one problem. we just tried this during the last decade. during the previous presidency. it didn't work. top down economics never works. the country doesn't succeed when only the rich get richer. we succeed when the middle class gets bigger. when more people have a chance to get ahead. more people have a chance to live up to their god-given potential. look, i don't believe we can get very far with leaders who write...
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Sep 28, 2012
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the romney campaign is firing back as in, hey, a humongous deficit is not patriotic. >> this is a land where economic freedom has allowed people to pursue their dreams and in doing so and achieving success, they lift us as a nation, they give us jobs, i will not apologize for success here and i will never apologize for america abroad. >> how's that for economic patriotism, whatever that is? so the talk back question for you this morning, is there such a thing as economic patriotism, facebook.com/carolcnn, your responses later this hour. >>> when we think of bounties in footll now we think of the new orleans saints. saints' head coach, sean payton is on the golf course instead of the football field this season after the nfl suspended him for his role in bountygate. a former assistant of another team says his players were offered cash for big hits on opponents. these weren't nfl players. they were 10 year-olds. here's casey wian. >> reporter: the 2011 red cobra's pop warner football team went undefeated in the regular season. >> this was a team that knew it was on the verge of greatness
the romney campaign is firing back as in, hey, a humongous deficit is not patriotic. >> this is a land where economic freedom has allowed people to pursue their dreams and in doing so and achieving success, they lift us as a nation, they give us jobs, i will not apologize for success here and i will never apologize for america abroad. >> how's that for economic patriotism, whatever that is? so the talk back question for you this morning, is there such a thing as economic patriotism,...
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Sep 27, 2012
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get rid of more regulations on wall street, that jobs and prosperity will rain down on everybody, the deficit will magically disappear, we'll live happily ever after. but there's a problem with this. we just tried this. we tried it in the last decade before i was elected president. it didn't work then and it won't work now because top down economics doesn't work. we don't need to double down on the same trickle-down policies that got us into this mess in the first place. this country doesn't succeed when only the rich get richer. we succeed when the middle class gets bigger. when there are ladders of opportunity for all who strive to get into the middle class, when everybody willing to work hard has a chance to get ahead and live up to their god-given potential. i don't think we can get very far with leaders who write off half the nation as a bunch of victims who never take responsibility for their own lives. i travel around a lot in virginia and across this country. i don't meet a lot of victims. i see hard working virginians, students trying to work their way through college. i see single m
get rid of more regulations on wall street, that jobs and prosperity will rain down on everybody, the deficit will magically disappear, we'll live happily ever after. but there's a problem with this. we just tried this. we tried it in the last decade before i was elected president. it didn't work then and it won't work now because top down economics doesn't work. we don't need to double down on the same trickle-down policies that got us into this mess in the first place. this country doesn't...
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Sep 27, 2012
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also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts by limiting deductions for taxpayers especially the wealthy. so this isn't really a major break from what he said before. he's just kind of shifting the emphasis, playing up a different part of his plan. >> so deductions. what deductions would mr. romney limit? >> now, that is the $5 trillion question. we tonigdon't know. he has hinted he may scale back the mortgage deduction for wealthy homeowners. think about how many tax deductions are out there. charitable giving, he state and local taxes. it won't be politically easy to scrap any of them because they're popular. so that's why budget cruncher
also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts...
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Oct 1, 2012
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but, those who support obama say the president is more likely to reduce the deficit, to cut entitlement spending like social security, but once again, just not a lot of excitement for either person. which is kind of sad. >> let's talk about excitement on the dow. let's show the stocks because they have been rallying since this morning, what is it -- up 121 points now. got a pretty important report on the manufacturing sector. what do we need to know? >> so what we got was the granddaddy of manufacturing reports and what it showed is that manufacturing is back in expansion territory, the sector is growing again. that could help boost the economy. this is notable because it comes after three months of contraction in manufacturing. also, you look at china, manufacturing in china, in europe, it is going backwards it contracting. sobucking the trend. a good surprise for the u.s. manufacturing is what helped get us out of the recession in 2009. we saw activity picked up, hiring picked up. we saw the trend continuing. we want to see that continue to help the economy move forward. with a lot mo
but, those who support obama say the president is more likely to reduce the deficit, to cut entitlement spending like social security, but once again, just not a lot of excitement for either person. which is kind of sad. >> let's talk about excitement on the dow. let's show the stocks because they have been rallying since this morning, what is it -- up 121 points now. got a pretty important report on the manufacturing sector. what do we need to know? >> so what we got was the...